Technological Leadership in the Crypto Space

Posted on | by Leon Hinde

Biden issued a presidential executive order to the US Treasury and regulatory agencies to coordinate regulation of digital assets, protect consumers, mitigate systemic risk, and drive US competitiveness and leadership in, and leveraging off digital asset technologies.

Goldman Sachs Group is exploring offering over-the-counter bilateral crypto options, signaling the bank’s deepening participation in helping institutions trade digital-currency derivatives. Bilateral options allow trades to be customized so that crypto holders such as hedge funds and Bitcoin miners can hedge risks or boost yields.

Our New Crypto Model Portfolio:

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US Stock Market

Posted on | by Leon Hinde

The graph of the S&P500 shows faltering short-term momentum with overhead resistance at 4590 in the S&P500 index.

Join Monday night’s webinar, where I’ll provide detail on the technical patterns that traders and investors should be watching.

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12/2 update:

19/2 update: The S&P500 remains below the 10-day average.

12/3 Update: The S&P500 remains below the 10-day average.

Federal Reserve’s First Rate Increase

Posted on | by Leon Hinde

Markets may have little reaction if the central bank carries out its quarter-point hike on Wednesday.

The Fed’s rate hike is expected, but investors will be watching to see what the central bank has to say about inflation and the economy, as well as its projections for future interest rate hikes.

Ripple – Crypto Large Cap

Posted on | by Leon Hinde

Ripple is under Algo Engine buy conditions and is up 234% after being added into our Crypto Large Cap model portfolio in Sep 2020.

Ripple is a real-time gross settlement, currency exchange and remittance network created by Ripple Labs Inc, a US-based technology company. Released in 2012, Ripple is built upon a distributed open-source protocol and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes.

Ripple purports to enable “secure, instantly and nearly free global financial transactions of any size with no chargebacks”. The ledger employs the native cryptocurrency known as XRP.